Losers of REIT Earnings Season

March 11, 2025 | Hoya Capital

Losers of REIT Earnings Season Sector Report Mar 11 Written By Alex Pettee, CFA In Part 3 of our Earnings Recap, we present a sector-by-sector breakdown of the Losers of REIT Earnings Season, discussing incremental positives/negatives and noting the individual standouts. Commercial Mortgage REITs were the "biggest loser" of REIT earnings season after results showed ongoing problems in the office space and a significant deterioration in multifamily bridge loan performance.

Results from Hotel REITs were also disappointing given the record levels of travel demand, as margin pressures from higher labor costs have taken a sizable bite out of bottom-line profitability. In a similar light, Office REIT results were also mildly disappointing, as higher financing costs have stymied an encouraging property-level recovery. Self-Storage REIT results also showed lingering softness. While dividend news was overwhelmingly positive this REIT earnings season - with 32 REIT dividend hikes - five REITs reduced their dividends including: Orion Office, Ready Capital, Ares Commercial, and Arbor Realty.

READ THE FULL REPORT HERE apartment reits investing dividends real estate investment trust camden property equity residential avalonbay maa essex property centerspace income Alex Pettee, CFA Comments (0) Newest First Oldest First Newest First Most Liked Least Liked Add Comment --> Preview Edit --> Post Comment… Next Next Winners of REIT Earnings Season